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14645 Ivy Floral Way
Splendora, TX 77372
$257,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2163
Property Description
It is our great pleasure to introduce you to the X35K-plan located in our new Presswoods community! This is a two-story house that includes four bedrooms, two and a half bathrooms, an upstairs game room, and a two-car garage. This house spans 2,163 square feet and will be a lovely home for you and your family!As you enter this beautiful home, you will notice the carpeted stairway and powder room in the foyer. The foyer and powder room both have vinyl flooring, giving the entryway a beautiful finish.Continuing through the house, you will enter the L-shaped kitchen, family room, and dining room. This is an open concept living and dining space, making this house perfect for hosting family dinners or celebrations with friends. The windows in these areas of the house brighten the room and give it a warm and comfortable feel. The kitchen is equipped with stainless steel appliances, vinyl floors, a kitchen island, and walk-in pantry.Next to the dining room is the utility room and closet. The utility room has vinyl floors and space for a washer and dryer. The closet sits adjacent to the utility room, making laundry even more simple and efficient.Resuming through the home, you will enter the primary bedroom, which can be accessed through the family room. The primary bedroom has carpet flooring and two large windows that open to the back of the house. This room leads into the primary bathroom, which is finished with vinyl flooring, a double sink, a tile tub, a linen nook, and a separated toilet room. The primary bathroom opens to the walk-in closet, which has carpet flooring and space for storage.Returning to the carpeted stairway by the main entrance of the home and journeying upstairs, you enter into the game room. This space has carpeted floors and two bright windows that bathe the room in natural light. This room can serve as a library, homeschool room, office space, private study, or playroom.Traveling through the upstairs hallway, you will find the closet and secondary
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
28431+287-28431-284320000-0293
Location
Address
14645 Ivy Floral Way
City
Splendora
State
TX
Zip Code
77372
County
MONTGOMERY (EAST)
Listing
Provider
D.R. Horton Homes, original listing
Name
D.R. Horton Homes
Phone
Office Name
D.R. Horton - Houston Northeast
Office Phone
Agent Name
Presswoods Sales

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.